Meet the New China (Company Overview) (Conference Notes‪)‬

ABSTRACT The stereotype of a "backward" China is outdated at best. Today, after a record-breaking average of almost 10% annual real growth over the past two decades, China is home to some of the largest consumer markets in the world and to local Chinese companies which are emerging as world-class players, capable of advancing the global high-bar for economic performance in many industries. Using four industries (aircraft, automobiles, mobile phones and housing) as examples, the author examines China's rapid economic transformation, suggesting that the tendency to talk down to China should be replaced with respect for a global partner who has much to teach the world even as it continues to learn from others in the global community.